Tag: Aviation Industry
-
Air Travel Down 60% as Industry Losses Top $370 billion: ICAO
According to the ICAO, air travel is down by 60% as the industry losses have topped $370 billion.
-
IATA makes announcement regarding recovery of air travel
The International Air Transport Association (IATA) released an updated global passenger forecast showing that the recovery in traffic has been slower than had been expected. According to the details, Alexandre de Juniac, chief executive officer (CEO) IATA, says it could take four years for air travel around the world to return to normal. Global passenger…
-
Aviation Industry Losses to Top $84 Billion in 2020
Geneva – The International Air Transport Association (IATA) released its financial outlook for the global aviation industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut…